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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

To open an eToro account in the UK, you must be at least 18 years old and a resident of the UK. The account verification process involves confirming your email address, providing personal information, and detailing your investment experience. Additionally, you'll need to provide a government-issued ID and a document for proof of address, followed by making an initial deposit using one of the various payment methods offered by this broker.

Open an account!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

 

What You Need to Know

As a UK resident with an active eToro account, I've navigated the process of setting up and verifying an account on this popular trading platform. My experience can provide valuable insights for those in the UK looking to start their journey with this broker. Here, I'll outline the key steps and requirements based on both my personal experience and their guidelines.

 

Basic Requirements for Opening a Account

The journey to opening an eToro UK account begins with meeting some basic criteria. You must be at least 18 years old, a standard prerequisite for financial responsibility and legal compliance.

Additionally, having a stable internet connection is essential, as eToro is an online platform. From my experience, ensuring a reliable internet connection can significantly enhance your experience, avoiding potential disruptions during critical trading moments.

 

Account Verification Process

The next crucial step is the account verification process. This involves a few key stages:

  1. Verifying your email address
  2. Adding personal information
  3. Detailing your investment experience

This process is not just a formality; it's designed to secure your account and tailor the platform's services to your needs. In my case, the process was straightforward and provided an added sense of security.

 

Identity and Address Verification

For UK residents, verifying your identity and address is a mandatory step. You'll need to provide a government-issued ID (like a passport or driver's license) and a document confirming your address, such as a utility bill or bank statement. This step aligns with global financial regulations and is crucial for preventing fraud. Having these documents prepared in advance can expedite the process.

 

Making the First Deposit

Finally, funding your account is the last step before you can start trading. The good thing is that supports various payment methods, including bank transfers, credit cards, and e-wallets. For the initial deposit, the minimum is $50. In my experience, selecting a payment method that aligns with your financial habits makes the process smoother and more convenient.

 

Summary Points

  • Age and Residency: Must be 18 or older and a UK resident.
  • Verification Process: Involves email verification, adding personal information, and detailing investment experience.
  • Identity and Address Proof: Requires a valid ID and a document for proof of address.
  • Initial Deposit: Offers multiple payment methods for the first deposit.

Opening an eToro account in the UK is a straightforward process that involves meeting basic age and residency requirements, undergoing a detailed verification process, and making an initial deposit.

As a UK resident who has gone through this process, I can affirm that while it might seem extensive, each step is crucial for ensuring a secure and personalized trading experience.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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76% of retail investor accounts lose money